The term “API”, or application programming interface, has been bandied about as a buzzword in software circles for almost two decades, but this ubiquitous acronym can also provide a useful framework for understanding why certain companies become valuable in our increasingly complex and computer-dominated world.
This newsletter has always stood up for the little guy, and in the world of geology there is no littler guy than the pebble. So we heroically declare that modern civilization, from morality to mathematics, wouldn't be possible without these humble little stones. For example, in antiquity, a scruple was a sharp pebble kept in one's sandal as a constant reminder to do the right thing.
We are looking forward to the close of another quarter. The question, of course, is what will happen with Q2 earnings? As of right now, the forecasts are for a decline in S&P 500 earnings of –2.5% year-over-year for Q2. If this prediction becomes a reality, it will mark the second straight quarter that year-over-year EPS (earnings per share) declined.
Although their departure may be delayed this season by a surplus of snow days, kids everywhere will still celebrate June as the time when school ends. Also, this Thursday, June 6th, will be the 80th birthday of legendary singer Gary U.S.